SarthakMaheshwari

SarthakMaheshwari

The chart simply following big pattern. Stop loss -->486 First Target-->425 Second Target-->400 It is better to but trailing stop loss when near the first target.

SarthakMaheshwari Updated 

Stock in uptrend channel since 11 oct'19. First Target 124 . The pace at which moving average 50 and 200 are going may form a golden cross. This stock doesn't always follow the golden cross indicator but the intention is important. This pace of MA was seen similar around 12 may '2016 and when the Golden cross formed and the stock rallied upto 44% . It could take...

SarthakMaheshwari Updated 

Last 10-15 days(25 Dec - 6 Jan) it is trying to break down through its support line and now below the support line(Support line from 20 Nov - 24 Dec Approx) . If it breaks Fibonacci Retracement uptrend line , which it is about to and is very close to it . It can break up to 1500-->1450-->1400-->1350 . Also the MA 50 is about to cross above 9 MA which supports the...

SarthakMaheshwari

Yes bank not breaking support . I think holding positions up to march/april will do. It can go up to the resistance mentioned at the arrow . Also SMA 50 and 200 can form golden cross again . The thing we have to take care of is the day when EPS comes around 13 jan the stock may crumble . If the stock holds through the week of EPS distribution the chances of charts...